New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-07-03
BUSINESS AND POLITICS.
TALKS WITH RESIDENTS AND TRAVEL
LERS.


LERS.
Meeting W. N. Riddle, formerly Of Pittsburg, but
settled Wall Street man. yesterday, 1t was found
that he had just returned from California where he had
been to make an examination Of gold mine for
number Of his friends who have formed company and
made the purchase. When Mr.. Riddle was president
Of the Penn National Bank In Pitsburg he made hail
a million dollars himself and pool Of friends out
of the famous Yankee Girl" mine, which was one Of
the sensations of the day, and he confidently expects
to rake another fortune Of his present invest
ment.
| The conservative character Of most OF the great
Insurance companies In New York is illustrated by an
incident which to my knowledge few days ago.
| The president of leading company doing business
here had attained his fticth year In business with
the company, and the employees arranged to celebrate
the anniversary by presentation. The inquiry was
started as to how long the other employees had been
| with the company There are about sixty OF them
| all told and their names arranged In the order
Of the length Of their service The Oldest empoye
| had begun his term I'm 1899. The gentleman who told
me this had served with the company twcntyone
| years, and he told me that his name was about In
the middle OF the list OF sixty, while only one or Two
persons had been with the company less than 1--WE
years.
Thomas NJ. Griflths, who Is resident at WoSt
| Brighton, Staten Island, the well-known Civil engl-
neer and builder Of suspension bridges, has had
pretty extensive experience In dealing with people all
over the country In talking with him yesterday ne
made humorous reference to the fashion which prevails
In tho South and Southwest Of comforting such titles
as Honorable General, Colonel Judge upon the most
slender GLAZING. He at one time employed I'D
building a suspension bridge at Waco, Tex. One
day he CHANGED to cross the public square with
soldiers canteen slung under his arm hllcd with
water Ito Immediately addressed by the Dy-
staDders with the sppelaton of General, and the IT,
tie stuck to him during all his remaining stay In
| Texas 81 got my title,' remarked Mr. Grtiiths,
easier than any / heard of, North or South
But the manner In which got 1t is fair Illustration
of the Southwestern habits and customs"
Talking the other day with Captain Chester s.
Cole chairman Of the Republican state Committee,
no said that he thought the result Of the sena
torsbp contest last year had been moro satisfactory
to the people Of the country than II MI Morton had
been elected. lie explained this by saying; sena
tor Miller had very strong hold with the agricuitu-
| raj community. and that the weak point In Mr.
! Mortons canvass. Senator Hiscock has done num-
Der Of things In Congress which have made him popu
| lar with the farming community, more especially In
tho relation to tobacco farming and on this account
| think HIS election has been satisfactory TO theIn
whereas II Morton had been preferred to Miller they
might have been dissatisfied"
Not a few Western public men who come here inquire
anxlously about the strength and popularity OF New
| York Republicans Ike Chauncey NJ Depew, Low r.
Morton and HiscOck In reference to the frcsl
dental election, while at the same time they are
anxious to know the relative strength of Mr.. Blaine
ard Mr. Sherman In this state. They all wish infor
nation as to who can carry New-York for tho party
one OF the financial writer's Of tho publication known
as "Bradstrcct's" is Albert G. stevens. lie is
nephew Of ex Congressman Il. S. Stevens, Of Atica,
n. " AMI Is only thirtytwo or thlrty-three years oi
/ age. lie Is Buffalo man i am told that when he
came cut Of college he had about as little Idea OF
| finance a. the average college student. lie KNOCKED
around for some time trying To get start In busi-
ness lie had a little money, but sunk IL In hotel
! ventures In Kansas. Then he came back 10 Buffalo
AID started into the newspaper business ON the bottom
rung OF tho ladder as a reporter The Courier lie
! developed aptitude for careful work, close writing
and statistics and on coming 10 NcwiOIk was given
a trial on I;rndstrcet's." lie Is now the financial
! correspondent OF two European financial journals
and earns handsome revenue with his pen.
hear great deal OF talk from the politicians about
the location OF the new government building at Bing
hansion, ~ y. The selection Of the site, It seems,
has been made under tho influence OF Charles Davis,
who Is a deputy collector at the port of New-York,
and the land selected was owned by Davis. II Is said
that Davis and another Treasury enplOye named
j. e. Truman secured options ON four or 1--WE different
sites which might possibly DO selected for tho new
building and then by their Influence with the Score
tery oil the Treasury secured the location where IL
would bring them tho largest return Inc citizens
! nj EluphamtDn Indignant, and public meetings
have been held which there has been bitter denun-
oation Of such prostitution OF pubic trust Inc 9ea
ton selected Is sad To be entirety unht iVs 'e pupo
building. aside nom the IMPROPERLY OF It's seioeuoh
under The circumstances statcu
The possibilities Of mining ventures In the West,
a. well a, some OF tho dlsappolnments have an Illus
tration in a story that Ex-Governor 5 T. Hauser, OF
Montana, tells. His former partner A. H. DAVIS,
now conducting Independent banking business Ia
Helena AT one time loaned ~ 500 TO miner of Butte
lllnn at III nf
per cent a month. and the total Indebtedness had
reached 80 800 when tho miner agreed TO turn over
the property to Mr. Davis In full payment of his debt
Davis accepted the proposition aud then offered Haser
Il half interest for al 900 llalser was la the Dai
ing business and while perfectly willing to make tho
arTan cement with Davis objected on banking princi
pie TO pay any portion of the Interest lie offered
Davis 500, hall the principal invested ior haii
the property which has since been known as me Lex
! Inuon Mine. put mon TO work and developed IT, IN
a wears time no had taken out S2oo,00o worth of
gold aud silver ore The second year. VIII further 9,
outlay for machinery, he took out S6oooVo worth OF
ore and then sold thirteen sxteenths Of the mne Tor
cool sl5ooooo Governor lianser has been nlca
Ing himself since To think now narrowly no S'oo
his share In this venture
Ex-Governor S T. IIauser, of Montana mado for
chile remark tho other day while discussing the furry
| ln Wallst which Is all indication Of the tendency oi
| n thoughtful hnanccr. Tho Governor Is stif Demo
Graf AMI one OF the heaviest capitalists In the North
west Said he "The accumulation Of Sl5,OOO,Ooo a
month Of surplus revenue III inc treasury 10 " injury
to business all over tho country il would not be per
mtted If sherman was secretary OF the treasury
lie would call bonds and let tho money out Instead
az tying Il up and making 10 useless. 1t requires
man of shermans cool calculating qualities to unaer-
take the nnsnelerlag of this country sherman ,S y
cnol and cold bOOdcd enough, so that IL no du
not find n I'm the law that no might call In tho bonds
lac would take the responsibility ON himself until con
rrcss shoud come together. Wo are little weak In
The Treasury Department Just now aud need bracing
up"
| Tho name of ]. NJ. Harper Is seen frequently In
print lately In connection with expert opinions on gold
mining Mr.. Harper lives ut tho Fifth Avenue
Hotel Ho Is a comparatively young man. being pos
sbly thirty five years of with round lovia face'